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AutoWeb's (AUTO) CEO Jeff Coats on Q4 2017 Results - Earnings Call Transcript

Mar. 08, 2018 8:33 PM ETAutoWeb, Inc. (AUTO)6 Comments
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AutoWeb, Inc. (NASDAQ:AUTO) Q4 2017 Results Earnings Conference Call March 8, 2018 5:00 PM ET


Jeff Coats - President and CEO

Kimberly Boren - CFO

Sean Mansouri - Liolios Group, IR


Sameet Sinha - B. Riley FBR

Ed Woo - Ascendiant Capital

Gary Prestopino - Barrington Research

Bruce Goldfarb - Lake Street Capital


Good afternoon, everyone, and thank you for participating in today’s conference call to discuss AutoWeb’s Financial Results for the Fourth Quarter and Full-Year Ended December 31, 2017.

Joining us today are AutoWeb’s President and CEO, Jeff Coats; the Company’s CFO, Kimberly Boren; and the Company’s outside Investor Relations Advisor, Sean Mansouri, with Liolios Group. Following their remarks, we’ll open up the call for your questions.

I would now like to turn the call over to Mr. Mansouri for some introductory comments.

Sean Mansouri

Thank you. Before I introduce Jeff, I remind you that during today’s call, including the question-and-answer session, any projections and forward-looking statements made regarding future events or AutoWeb’s future financial performance are covered by the Safe Harbor statements contained in today’s press release, the slides accompanying this presentation and the Company’s public filings with the SEC. Actual events may differ materially from those forward-looking statements.

Specifically, please refer to the Company’s Form 10-K for the full-year ended December 31, 2017, which we anticipate filing on or before March 15, 2018, as well as other filings made by AutoWeb with the SEC from time-to-time. These filings identify factors that could cause results to differ materially from those forward-looking statements.

There are slides included with today’s presentation to help illustrate some of the points being made and discussed during the call. The slides can be accessed by visiting AutoWeb’s website at autoweb.com. When there, go to Investor Relations, and then click on Events and Presentations.

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Comments (6)

Patrick Lowry profile picture
I will also suggest that the $20+ million booked on the balance sheet as "Intangible Assets" is pretty much worthless. Should have been goodwill IMO since day one. How do you pay almost 5x revenue for a company that is not profitable? Answer...magical synergies.

This is far from a BK candidate, cash flow from operations was $11 million. Plus $25 million cash against $9 million debt. They are just poor capital allocators.
I agree at this point I can't see it going bankrupt at all with its 16 million of free cash on the balance and cash neutral business. The problem is the market is currently fairly pricing this stock at an 8 cent per quarter run rate. I have no confidence this is achievable.
Faa Faa profile picture
the company is done with -- probably 80% chance of bankruptcy in a year at this point...
please elaborate? BS looks fine and I think they are cash neutral at least.
Patrick Lowry profile picture
$37 million of $42 million of goodwill is "impaired". Please stop acquiring companies, you are not good at it.
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